As full service finance brokers, Jade has the expertise to source and structure refinancing for your equipment loans. Refinancing can be astute financial management and represent benefits to your business. You Jade consultant will work closely with you to tailor a refinance package which is synergistic with your business strategy.
Take Advantage of Changed Conditions
- Better equipment loan interest rates: if you originally financed your machinery when interest rates were higher than current levels, Jade can source you options based on current rates and our cheap interest rates to ease pressure on your cash flow.
- Better finance deal: if you have a high-priced equipment loan which has been putting pressure on your finance resources for years, Jade may be able to ease that pressure with a cheaper priced deal.
- Changed trading conditions: if your business trading conditions have altered, refinancing can bring your existing equipment loans more in line with your current conditions. Eg, if your conditions have improved and you would like to pay off your loan faster with a reduced loan term or at higher monthly repayments. If your conditions have tightened, lower monthly repayments may be achieved with refinancing.
- Changed government regulations: changes around tax deductibility on equipment purchases are often instigated in government budgets and stimulus packages. Refinancing may be a measure that allows you to take advantage of such changes.
- Change finance type: it may be beneficial to change your existing equipment loan from one type of finance type to another to better reflect a change in your business structure. Eg change from Equipment Rental to a Chattel Mortgage; from CHP to Equipment Leasing, etc. Each finance type features varying treatments of GST, tax and balance sheet approach. If you have changed some aspects of your business or if your accountant recommends, Jade can assist with refinancing.
- Refinance balloon, residual or buyback: if you’ve reached the end of your loan term, you may choose to refinance the amount payable in the balloon to ease your cash flow.
Tailored Refinancing Solutions
Refinancing options are available across all types of machinery financing and all types of finance facilities. Your Jade consultant will consult with you, and your accountant if requested, to arrive at the option that best suits your business:
- Chattel Mortgage Refinance
- Commercial Hire Purchase Refinance
- Refinance Leasing
- Refinance Equipment Rental
Whatever your specific requirements, you can be assured that your Jade consultant has your best interests and the achievement of your objectives as their only priority when it comes to refinancing equipment.
To discuss options for refinancing your equipment loans contact Jade Equipment Finance on 1300 000 003.